Press Release: Bridge Bank Hires David Mitchell and Todd Runge to Lead Growth in Regions

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Bridge Bank Hires David Mitchell and Todd Runge to Lead Growth in

Mid-Atlantic and Southeastern Regions

 

Atlanta – October 21, 2015 – Bridge Bank today announced the recent hiring of two seasoned bankers to support growth in its Capital Finance lending group in the Mid-Atlantic and Southeast regions. David Mitchell was hired as senior vice president and market manager, and Todd Runge was hired as senior vice president and business line manager. Based in Atlanta, Mitchell and Runge will be responsible for extending Bridge Bank’s asset-based lending business lines to small- and mid-sized growth companies.  “My goal is to continue to build upon Bridge Bank’s strong brand and reputation as a commercial lender dedicated to offering flexible solutions to its clients,” said Mitchell. “The bank provides an ideal platform, along with a full range of financial solutions, for the deployment of capital to the marketplace to support fast growing companies,” he added.  “I’m pleased to join the team at Bridge Bank and to be a part of its rapidly growing Capital Finance group,” said Runge. “The opportunity to deliver Bridge Bank’s unique product offering to companies throughout the Mid-Atlantic and Southeast regions is tremendous, and I look forward to accelerating the growth of its portfolio,” he added. “The products and approach of our Capital Finance group have provided substantial value to a long list of growth companies in our geographic market,” said Alan Spurgin, senior vice president and Mid-Atlantic/Southeast region director at Bridge Bank. “Bringing on seasoned asset-based finance professionals like Todd and David will fast-track our growth in these key markets for Bridge Bank,” he added.

 

David Mitchell, a native of Atlanta, earned a Bachelors of Arts degree in Business Administration, with a concentration in Banking and Finance from Morehouse College in 1991. He joins Bridge Bank with 20 years experience in banking and a strong track record of delivering tailored solutions to clients. Prior to joining Bridge Bank, David was with Action Capital Corporation where he provided accounts receivable financing to clients working with the federal government. Prior to that David was vice president and principal banker with Wells Fargo Business Banking, as well as vice president in Commercial Banking for Citizen’s Trust Bank where he managed the bank’s partnership with the Department of Transportation and its short term lending and leasing programs. In addition, he spent four years with GE Capital Corporation, working in their Corporate Leasing, Small Business Capital and SBA Lending units.

 

David Mitchell can be reached at (770) 927-8933 or by email at david.mitchell@bridgebank.com

 

Todd Runge, with over 28 years of senior management and operations experience, was most recently vice president and senior portfolio manager for Synovus Financial Corporation’s portfolio of asset-based loans. Previously, he was responsible for asset-based loans at UPS Capital Corporation and Textron Financial Corporation. He also served as portfolio manager for CIT Equipment Financing Group’s franchise loan business and had oversight of a portfolio of asset-based and floorplan loans for Deutsche Financial Services technology division. Todd holds a Bachelor of Business Administration in finance from East Tennessee State University and an MBA from St. Louis University.

 

Todd Runge can be reached at (770) 927-8934 or by email at todd.runge@bridgebank.com

About Bridge Bank

Bridge Bank is a division of Western Alliance Bank, the go-to-bank for business in its growing markets.  Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses from across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank offers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s robust national platform of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. With more than $10 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the fastest-growing bank holding companies in the U.S. For more information, visit www.bridgebank.com.

 

Media Contacts for Bridge Bank

Daniel P. Myers                                                             Ryan Barringer

President                                                                      Senior Vice President

Chief Executive Officer                                                  Marketing Director

408.556.6510                                                                 408.556.8677

dan.myers@bridgebank.com                                         ryan.barringer@bridgebank.com

 

 

 

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